Hillary Clinton is taking aim at the proposed merger of health insurance giants Aetna and Humana as she ratchets up her scrutiny of U.S. corporate consolidation and its effect on consumers.
In her first remarks about the deal, she expressed “serious concern” about the proposed union, as well as one between Cigna and Anthem. Clinton is urging regulators to closely scrutinize the mergers.
“I’m worried that the balance of power is moving too far away from consumers,’’ Clinton said in a statement provided by a campaign official.
“Companies proposing to merge bear the heavy burden of demonstrating that consumers will benefit,’’ said Clinton, noting that “too often the companies end up pocketing profits rather than passing savings to consumers.’’
Aetna and Humana shareholders voted Monday to approve the two companies’ merger, but like the Cigna-Anthem deal still must be approved by antitrust enforcers.
Full content: CNN
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI